Nigeria and Irish firm, Process and Industrial Development are set for a legal showdown in a UK court today.
This is as the Federal Government seeks to protect nine point six billion dollars worth of its offshore assets from being taken over by P&ID.
Last month, a British judge ruled that a small gas company founded by two Irish businessmen was entitled to take $9.6bn in assets from Nigeria as compensation for losses related to an aborted gas-processing project.
But President Muhammadu Buhari has descibed the deal with the Irish firm as a scam insisting that the country would pursue all legal means to overturn the judgment.
The Federal High Court in Abuja had on September 19 convicted and ordered the winding down of P&ID Limited and its Nigerian affiliate, P&ID Nigeria Limited.
Justice Inyang Ekwo made the orders after the two firms, through their representatives, pleaded guilty to 11 counts of fraud, money laundering, tax evasion and other sundry charges.
